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16/06/17
09:06
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Originally posted by sloeb
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I haven't seen anybody discuss the actual profitability of this mine and what they margins are like so I had a quick look myself. The figures below are obtain from the Independent Report:
Total FOB cost (incl royalty) is AUD$87.99 per tonne
Current market price is AUD$111 per tonne
Leaving a margin of AUD$23.01
That doesn't leave a lot of room is the price of coal moves south.
I would hardly call this mine a cash cow as others have, but I am happy to be corrected.
s.loeb
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you are missing lots
for starters, PCI coal is US$180/t at last report or AUS$240/t
for the 4 months to 31/12/16, they actually earned AUS$156/t and PCI coal has been rising since then
each quarterly report mentions the average coal price received
Last edited by
ddzx :
16/06/17